Production Budget Assume that Stillwater Designs produces two automotive subwoofers: 51217 and S1215. The $121.7 sells for $475, and the S1215 sells for $300) Projected sales (number of speakers) for the coming five quarters are as follows: 51217 $1215 First quarter, 201 920 1,495 Second quarter, 2011 7,530 1,610 Third quarter, 2011 6.440 6,095 Fourth quarter, 2011 First quarter, 2012 5,290 1,035 4,485 1,300 The vice president of sales believes that the projected sales are realistic and can be achieved by the company. Sellwater Designs needs a production budget for each product (representing the amount that must be outsourced to manufacturers located in Asia). Beginning inventory of 51217 for the first quarter of 20Y1 was 340 boxes. The company's policy is to have 20% of the next quarter's sales of 51217 in ending inventory Beginning inventory of $12L5 was 170 boxes. The company's policy is to have 30% of the next quarter's sales of $12L5 In ending inventory Required: Prepare a production budget for each quarter for 20Y1 and for the year in total. Stillwater Designs Production Budget for 51217 For the Year Ended December 31, 20Y1 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Sales Desired ending inventory Total needs Less: Beginning Inventory Units produced Prepare a production budget for each quarter for 20Y1 and for the year in total. If required, round your answers to nearest whole value, Stillwater Designs Production Budget for $1215 For the Year Ended December 31, 20Y1 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Sales Desired ending inventory Total needs Less: Beginning inventory Units produced